According to a market report by Lucintel, the future of the global ready-mix concrete market looks promising with opportunities in the commercial & infrastructure, residential, and industrial market. The global ready-mix concrete market is expected to reach an estimated $671.3 billion by 2028 with a CAGR of 6.2% from 2023 to 2028. The major drivers for this market are rapid population growth and urbanization, increasing residential and commercial construction activities, and growing demand for versatile building materials.
In this market, transit mixed concrete, shrink mixed concrete, and central mixed concrete are different segments of ready-mix concrete market by type. Lucintel forecasts that transit mixed concrete will remain the largest segment over the forecast period because it is prepared in a controlled environment thereby helps in reducing dust pollution.
Within this market, residential is expected to remain the largest segment due to increasing urbanization and growing disposable income in countries like India and China.
APAC will remain the largest region during the forecast period due to increasing infrastructural development in countries, such as Thailand, Singapore, India, and China, and growing government support for improvisation of road infrastructure to grow the industrial sector.
CEMEX S.A.B, ACC, Barney and Dickenson, SIKA Group, UltraTech Cement, Buzzi Unicem S.p.A., Vicat S.A., Lafarge, Sidley, and Holcim are the major suppliers in the global ready-mix concrete market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global ready-mix concrete market by type, mixer type, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Ready-Mix Concrete Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global ready-mix concrete market by type, mixer type, application, and region, as follows:
Ready-Mix Concrete Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Transit Mixed Concrete
Shrink Mixed Concrete
Central Mixed Concrete
Ready-Mix Concrete Market by Mixer Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Volumetric
Barrel Truck/In-Transit Mixer
Ready-Mix Concrete Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Commercial & Infrastructure
Residential
Industrial
Ready-Mix Concrete Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the ready mix concrete market by type (transit mixed concrete, shrink mixed concrete, and central mixed concrete), mixer type (volumetric and barrel truck/in-transit mixer), application (commercial & infrastructure, residential, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?